How we paid off our debt! Donnie and Emily’s Talk.

Would you like to be debt free? Here we discuss how we paid off our debt as well as the key aspects we thought were really important when getting out of debt. Create your first budget with – Everydollar.com

Are you wanting to earn passive income or start a new business in 2017? If you are looking to make passive income in 2017, DO IT NOW. Stop looking for opportunities! The opportunities are endless. If you think you have an idea of what kind of business you want to start, then start. If you fail oh well. You’ll be able to recover and get back on track. The purpose of starting now is to gain experience. Once you have the experience of a with any type of business you’ll be that much more prepared to spot a truly once

Do you have to be great with money in order to get out of debt? Ok, after doing some reflection and trying to figure out how to help people get out of debt…I think I’ve come up with a solution. Shoot for 51% perfection. I’ve talked to a lot of different people on how I got out of debt and they say things like, “You’re so good with money” “You’re smart with money” “You make all the right decisions” Yes, these are all true, but the great thing is in order to get started on your debt free journey you only

How Emily and I are saving money during our Hawaii Vacation! Ok, if you are looking to save some money on vacation here are some tricks we use to save some serious cash. If you are not a fan of cooking then this option could be a problem, but if you would rather enjoy a dream vacation then you may need to sacrifice. Now the sacrifice isn’t terrible but you will have to do some cooking. This is how we save so much money on our vacations. Unless you stay at an all inclusive in Mexico your restaurant bill while

Paying off student loan debt isn’t fun but it’s worth it! If you are drowning in student loan debt and want to learn how to get out of the student loan nightmare please take this advice. Emily and I graduated with $57,000 in student loan debt and we were able to pay it off in six years all while cash flowing two master programs. I remember when Emily and I were both sophomores in college thinking about how fast would be able to pay off our student loans. We thought it would be super easy because each of us would be making at least $30,000 a year when we graduated. We were

Do you want to get out of debt? Have you had trouble in the past when you’ve tried to get out of debt? I did to in the beginning. Once Emily and I decided to commit and focus on achieving are debt free goal we saw results. Here is how we stayed focused during our debt free journey. Emily and I had been trying to get out of debt since 2009, it felt like a long time, and it’s a long time. We didn’t become fully committed to getting out of debt until May 2015. This commitment stemmed from us

Is Dave Ramsey’s plan driving you crazy? If you’re following Dave Ramsey’s plan you may have become frustrated with his show, as well as how long it’s taking you to get out of debt. Especially if you’ve been trying to get out of debt for years. I know I started to go crazy during the last year of paying off my house. That’s why it was time for me to unplug. I’ve been following Dave Ramsey consistently for about three years now. But I’ve truly been following his plan for approximately the last 19 months as I paid off my

The Rule of 72 I remember learning the rule of 72 back in high school and getting obsessed with this little math trick. I pretty much calculated every number under the sun for a solid month…weird kid. This number will prove helpful to you when comparing different interest rates. As well as determining how long it would take to have your money double. I use this trick when I’m calculating what my retirement account would look like in 10, 20, and 30 years with today’s balance. This is assuming I never put another penny into the account. Here is an

Do you know where all your student loans are? I didn’t. You’ve graduated! Congratulations if you are like me and 40 Million other Americans you have student loans. My wife and I graduated with a grand total of $57,000 in student loan debt. When I graduated I had no idea who I owed money to. Which I thought was understandable after four years of school and new loans every single year, it’s hard to keep track. Here is how to find them If you are looking to find out who you owe money to a great resource is the National

Starting a side hustle is great for extra income Ok, if you’re looking for a side business to get out of debt I highly recommend choosing a business you can create on your own terms. This is what my wife and I did in order to earn extra income. For the longest time I was searching for part time jobs that I could pick up in order to earn extra cash. But the issue was always time constraints. In addition, I wasn’t interested in earning $10 or less for my part time income. I wanted to earn more money and have flexibility in

How do I know when my debt will be paid in full? There are a number of great websites and apps that allow you to calculate when you’ll be debt free. Using these calculators are great because they can show you the difference between using a debt snowball or paying the highest interest rate first. In addition these calculators will let you know the exact day your debt will be paid off. Knowing the date of freedom provided me with a great focal point to strive for. These calculators helped provide me a light at the end of this debt

Emily and I love going on vacations. It’s our time to get away from the rate race and enjoy some alone time. As well as explore new places. Our favorite vacations always involve islands. Our next big trip is Hawaii! We are super excited. Here’s what we do to plan our budget for big trips: We decide how much we want to spend on a trip. Most people decide where they want to go and then decide how much it’s going to cost. We like to work backwards by first asking how much do we want to spend on our

What is a debt snowball? A debt snowball is simply paying off your loan with the smallest outstanding balance first while at the same time making only minimum payments on all other loans. Once the smallest loan is paid off you apply what you were paying to the first loan to the next loan and so on and so forth until all your debt is paid in full. Any extra money you receive will be dedicated to paying off the debt at the top of the list. USE THIS CALCULATOR TO FIGURE OUT YOUR DEBT SNOWBALL Example of how you

I bought my very first stock at the age of 18 in the fall of 2005. Ford stock was my investment of choice with 10 shares bought, which at the time was trading around $10 per share. I was super excited to be an INVESTOR! Next I was running to the school library everyday to check my stock price, this was before smart phones. An obsession over Ford occurred while I owned the shares. The purpose in buying the shares was to become super rich through the stock price all of sudden sky rocketing in price. It was a little ridiculous.

I’m fascinated about becoming a millionaire and I want to share with you a simple strategy on how to become a millionaire. Below is a list of what you’ll need to save each month at each age milestone. The illustration really drives home the point of compound interest. If you want to become a millionaire it’s time to start saving today! The assumption is a simple 10% rate of return, which is roughly the historical average of the S&P 500. So lets assume you start saving money every single month at the age below you’ll be a millionaire at the age

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